Mason Hawkins Southeastern Asset Management
Mason Hawkins co-founded Southeastern Asset Management, adviser to the Longleaf Partners funds, and is a leading figure in absolute-value investing. The firm is known for concentrated portfolios, appraised-value analysis, and a long-term partnership culture with portfolio companies. Hawkins’s process emphasizes free cash flow, management alignment, and buying at a discount to intrinsic value.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wynn Resorts
WYNN
|
+$653M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$491M |
| 3 |
CNX Resources
CNX
|
+$373M |
| 4 |
DWA
DREAMWORKS ANIMATION SKG INC CL-A
DWA
|
+$137M |
| 5 |
HF Sinclair
DINO
|
+$130M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mondelez International
MDLZ
|
+$921M |
| 2 |
LVLT
Level 3 Communications Inc
LVLT
|
+$495M |
| 3 |
Abbott
ABT
|
+$404M |
| 4 |
Travelers Companies
TRV
|
+$389M |
| 5 |
CHK
Chesapeake Energy Corporation
CHK
|
+$171M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 27.7% |
| 2 | Financials | 21.32% |
| 3 | Energy | 20.83% |
| 4 | Consumer Discretionary | 11.8% |
| 5 | Communication Services | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Mondelez International
MDLZ
$82.3B
| $45.6M | 0.29% |
1,263,602
-25,477,579
| -95% | -$921M |
|
|
DO
27
DELISTED
Diamond Offshore Drilling
DO
| $34.9M | 0.22% |
+1,300,896
| New | +$40.5M |
|
|
DEL
28
DELISTED
Deltic Timber
DEL
| $29M | 0.18% |
437,000
+147,620
| +51% | +$9.6M |
|
|
TPLM
29
DELISTED
Triangle Petroleum Corporation
TPLM
| $28.9M | 0.18% |
+5,741,736
| New | +$29.2M |
|
30
Northern Oil and Gas
NOG
$2.91B
| $18.2M | 0.11% |
+235,715
| New | +$17M |
|
|
31
Abbott
ABT
$202B
| – | – |
-8,977,941
| Closed | -$404M |
|
32
Berkshire Hathaway Class B
BRK.B
$1.06T
| – | – |
-16,800
| Closed | -$2.52M |
|
33
Melco Resorts & Entertainment
MLCO
$2.09B
| – | – |
-68,900
| Closed | -$1.75M |
|
|
34
Travelers Companies
TRV
$75.8B
| – | – |
-3,677,258
| Closed | -$389M |
|
Similar funds
Mason Hawkins's Q1 2015 Portfolio in Review
As of Q1 2015, Mason Hawkins held 34 positions worth $15.9B, down 8.4% from $17.4B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Mason Hawkins withdrew a net $1.07B in Q1 2015, closing 4 positions and reducing 17 holdings. Its most notable exit was Abbott, an estimated $404M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 28% of assets, up from 27% a quarter earlier, followed by Financials and Energy.
Against the trend, Mason Hawkins opened a new position in Wynn Resorts worth $576M.
- Mason Hawkins's largest Q1 2015 buy was Wynn Resorts: 4,573,838 shares worth $576M.
- Mason Hawkins added most to CNX Resources in Q1 2015, an estimated $373M increase.
- Mason Hawkins's biggest Q1 2015 reduction was Mondelez International, cutting an estimated $921M.
- Mason Hawkins fully exited Abbott in Q1 2015, selling an estimated $404M.
- Mason Hawkins's ten largest holdings make up 69% of its $15.9B portfolio in Q1 2015.
- Mason Hawkins opened 6 new positions and closed 4 in Q1 2015.
- Mason Hawkins's portfolio value fell 8.4% quarter-over-quarter to $15.9B.
Based on Southeastern Asset Management's 13F filing for Q1 2015, filed 15 May 2015.